S&P 500 surges 2.7% after the U.S. and China announce a 90-truce in their trade war
NEW YORK (AP) — Stocks are surging on Wall Street after China and the United States announced a 90-day truce in their trade war. They agreed to take down most of their tariffs that economists warned could start a recession and create shortages on U.S. store shelves.
The S&P 500 was 2.7% higher in early trading Monday. The Dow Jones Industrial Average jumped 981 points, or 2.4%, and the Nasdaq composite was 3.7% higher.
Crude oil prices jumped because a global economy less weakened by tariffs would be hungrier for fuel. The value of the dollar climbed against other currencies and Treasury yields rose.
More Stories
Staying in London for a Month? Explore Flexible Travel Options
If you want comfort and privacy on your trips, it is smart to look at the available long-term transport options...
Getting to know you: Graham Corfield, founder and CEO, Aviramp
Graham Corfield is chief executive and founder of Aviramp, the Telford manufacturer of step-free aircraft boarding ramps and bridges, whose...
UK economy grows 0.7 per cent in third quarter as AI lifts output
The UK economy grew by 0.7 per cent in the third quarter, its fastest pace in more than two years,...
ISO 7010 Explained: What UK Businesses Need to Know About Safety Signs
But their importance is easy to overlook until an emergency occurs. A clearly displayed fire exit sign or warning symbol...
Small firms asked to pledge 50,000 work experience places for teens
Small businesses are being asked to pledge 50,000 work experience placements for 14 to 16-year-olds under a government-backed campaign launching...
Life pressures harming 16.3 million workers’ careers, new research finds
Nearly half of UK workers say personal and family responsibilities are harming their careers, according to new research from Bupa....